16
Aug
10:24
Sinoteel presents debt-for-equity swap agreement
After two years of negotiation, Chinese state-owned steelmaker, trader and equipment manufacturer Sinosteel has had its official debt-for-equity swap agreement finalised and handed to the State Council. This could be the first Chinese debt-for-equity swap in 16 years as officials push similar deals for overburdened state-owned enterprises, Kallanish notes.
Sinosteel began delaying interest payments in 2013, and has since had executives placed under investigation…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
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